unemployed” (Patterson et al, 2006).
In Nigeria accurate unemployment rates are difficult to obtain and generally mean little in a society where many who work are marginally employed and where begging is a socially accepted occupation. ‘The Nigerian economy since the attainment of political...
to the citizenry and the economy as a whole. The unemployment episode has continued to pose so many challenges to the survival of the Nigerian nation. While some of these consequences bother directly on the unemployed, others like epidemics are limitless in effects. All these anomalies will be...
a jobless growth. The causes of unemployment in Nigeria include poor infrastructure, insecurity and non-diversification of the economy and poor educational system that does not readily produce employable graduates. Among other things we have recommended that governments at all levels should partner...
unemployment is indeed an unfortunate problem, as these graduates find it difficult to enter labour activities to generate growth and development for the economy (Fajana, 2000).
UNEMPLOYMENT IN NIGERIA: CAUSES The yearbook of labour statistics (1984, 1985, 1986) reports that unemployment rate has...
THE DOWN STREAM SECTORS ON THE ECONOMY OF NIGERIA
1. Increase in fuel price policy and Nigeria economy
The effect of fuel price increase to the growth and development of the Nigerian economy can not be overemphasized. Consequently, it has worsened the economic crises in Nigerian economy. In...
trend in modern Nigeria. Differentiate the trend of employment in different sector of the economy. Apply the employment and unemployment trends in human resource forecasting
Discussion The total distribution of total gainful employment in industries indicated by Ojo (1998 p 62...
2006 until 2011, reaching an all time high of 23.90 per cent in December 2011. The NBS measures unemployment rate by the number of people actively looking for a job as a percentage of the labour force.
In its Economic Report on Nigeria released in May this year, the World Bank noted that “Nigeria’s...
CONSOLIDATION IN NIGERIA.
Unemployment in Nigeria has assumed a crisis dimension. Conflicting and arguably controversial views existed on its official statistics. The economy has been growing in recent years, unemployment too is marginally on the rise, and...
giving attention to entrepreneurship and small and medium scale enterprises development if this time bomb called youth unemployment must end.
III. EFFECTS OF YOUTH UNEMPLOYMENT IN NIGERIA
Unemployment results not only in household poverty but also in losses to the economy in terms of potential...
liberalisation of our time. This liberalisation of economic system has led to the compression of time and distance which existed before between world places and which has now become shorter in terms of time and space. To some countries, this compression of time and space has caused their economies to...
UNEMPLOYMENT IN NIGERIA
Unemployment is a state of joblessness or a condition of having no job. Unemployment is a macroeconomic issue which has eaten deep into the economy of Nigeria. The rate of unemployment is so high that there are little or no jobs for people to do in the society. The...
such capital-intensive technique leads to prevalence of unemployment in the economy.
Unemployment Situation in Nigeria
There has been no consistent trend in unemployment rates in Nigeria. An increase in one or two years is sometimes followed by a decline in the subsequent years. For instance, in...
rate in the country and contributes to the gradual crumble of the economy of the country. According to the CIA World Fact-book, in 2008 the rate of unemployment in Nigeria was about 4.90%, and in 2009 it increased to 4.90%.
Firstly, for a country like Nigeria that dwells mainly on oil as a source...
The southern region of Nigeria is very suitable for businesses day to day, which control the economy power of the country.
The government policy in Nigeria varies in different situations, for example changes in government regime every four years. According to the Industry...
and economy. Dore (1976) pointed out that educational expansion in a depressed economy could lead to unemployment of the educated or over educated, while Kerr (2001) observed that education should not be seen as a silver bullet that will cure all economic ills.
The Advanced learner...
economy on consumption and savings.
1.5 Scope of the Study
This study shall be limited to some specific areas. These areas are inflation, recession, unemployment, the effect of inflation and unemployment in Nigeria, oil boom in Nigeria, control against inflation, relationship existing...
economies as policies that exert influence on economic activities, both policies have not been sufficiently or adequately used in Nigeria (Ajisafe and Folorunsho, 2002). The objective of this paper is to review the practice of monetary and fiscal policies in Nigeria Conceptualizing Fiscal Policy The term...
to make as much sales of its goods compared to status quo. For instance, Nigeria which major form of income is exporting ,is beginning to feel the effect of the global meltdown. Crude oil which was sold as at July 2008 for about the price of $140 per barrel has dropped this early 2009 to below N60...
don’t have the authority over their affairs. Also the economy in U.S is way better than that of my country, where there is high rate of unemployment for college graduates. Due to high unemployment rate in my country, people are practically living in poverty, crime of armed robbery happens frequently...
eradicate the irritating menace of unemployment in Nigeria.
1. News speak magazines p.g 26, 1992.
2. Mrs Omobola’s speech on the causes and effects of unemployment 2007
3. Prof Jonan Bruwer, unit for institutional planning and research, june 2006
4. Google search engine...
adverse policies have led to the under-utilization of these resources. These resources have not been effectively utilized in order to yield maximum economic benefits. This is one of the primary causes of unemployment and poverty in Nigeria.
There are a variety of different causes of unemployment...
unemployment rate tends to be on a perpetual rise. In nations, most especially, developing countries like Nigeria unemployment serves as a major yardstick for development as was rightly portrayed in Dudley Seers definition of development. Seers (1969) asserted that:
The questions to ask about a country’s...
drain and loss of purchasing power are also important effects of the high rate of unemployment in Nigeria. The Nigerian economy is losing some of the best brains available to other countries. Graduates with good and outstanding skills, after walking the streets looking for jobs, take on the journey...
from Petroleum prices to Unemployment.
This paper examines the effect of deregulation of the downstream oil sector on the
Nigerian economy. Worldwide, petroleum and energy in general are indispensable for
human sustenance and industrial production. Thus, crude oil is the...
centers do that, and the more efficient they are, the more effective they are.
EFFECTS OF HIGH RATES OF UNEMPLOYMENT
High and persistent unemployment has presented a major challenge for the economy in two major areas. One such area, it has eroded the funding base and secondly, it has increased the...
become ‘out of control’ as the purchasing power of money quickly dwindles.
In 1995, inflation in Nigeria reached an unprecedented rate at 72.8%. This was caused mainly by rising prices associated with higher wages and excessive monetary injection into the economy through various channels, including...
technologies, gross incompetence, and blatant corruption. With the deep internal crises that included high rates of inflation and unemployment, external debt obligations, and foreign exchange misalignment, Nigeria and many other African countries were strongly advised by the worldwide lending agencies...
investment opportunities in print business in Nigeria, “…an increase in population logically means an increase in the number of printing publics with a corresponding increase in the number of printers and multiplier effects on other print related industries.” (Jan/Feb, 2007 edition, p.26).
left a lot of problems to be analyzed and resolved,
. These problems relate to:
a. The impact of GDP on capital flight;
b. The effects of the rate of inflation on capital flight in the economy;
c. The effect of interest rates on capital flight in Nigeria;
d. The relations of...
emphasis that planning for human resources use in Nigeria has been based on guesswork and needs reevaluation. Keywords: Unemployment, Human resource planning, Graduates, Economy.
British Journal of Arts and Social Sciences ISSN: 2046-9578
Introduction Economists are unable to agree on the causes...